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Showing posts with the label taxes

Biden's Chip4 Alliance: What is South Korea's position? Jeongmin Yoon, ESG Intern, American University

     The Korean government is in trouble because of the Chip4 alliance. President Biden of the United States signed a $280 billion bill for the alliance and is now determined to push semiconductors in earnest. The U.S.is creating the alliance to keep China in check. The Republic of Korea proposed joining Chip4, and initially said it would attend the preliminary meeting, but they later drew a line, saying that the Republic of Korea has not decided to join. The U.S. says “Korea, do you want to join Chip4 or not? So let's talk about what the Chip4 alliance is and how the Republic of Korea has no choice but to join or have a conflict between the United States and China. What position should Korea take between these two countries? The answer is obvious.” Chip4, the de facto technology alliance that the United States is envisioning, stands for semiconductor, and 4 stands for the United States, South Korea, Taiwan, and Japan , the countries the US hopes will join the alliance ...

Small Business Policy Expo. Scott Knewitz, Policy Intern. Graduate student, American University

The 2019 Small Business Policy Expo & Ready to Launch Congressional Reception took place on Wednesday, January 30, in Washington D.C.   The event brought together leading small business advocates and Congress members, as well as current administration officials to address questions concerning the needs of American small business owners.   Given  recent changes on Capitol Hill, the panelists and guest speakers sought to provide insight concerning potential policy proposals that could have an impact on entrepreneurship and small business in the US. The policy areas receiving the most attention were taxes and healthcare.   On taxes, p anelists and guest speakers alike emphasized not only the need to reduce taxes on small business owners, but also to simplify the tax process – citing time as the small business owner’s most valuable asset, an asset too valuable to spend deciphering complex details of the current tax code.   This is a clear extension of ...